Annual report pursuant to Section 13 and 15(d)

Significant accounting policies (Tables)

v3.24.0.1
Significant accounting policies (Tables)
 12 Months Ended
Dec. 31, 2023
Concentration Risk [Line Items]  
Summary of Reconciliation of Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated statements of cash flows for the periods indicated:

 

 

December 31,

 

 

 

2023

 

 

2022

 

Cash and cash equivalents

 

$

25.3

 

 

$

35.1

 

Restricted cash included in prepaid expenses and other current assets

 

 

—

 

 

 

2.8

 

Total cash, cash equivalents, and restricted cash

 

$

25.3

 

 

$

37.9

 
Summary of Allowance For Credit Losses

The following table summarizes the rollforward of our allowance for credit losses:

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

Balance at beginning of period

 

$

(2.6

)

 

$

(0.7

)

Provision for credit losses, net of recoveries

 

 

(0.1

)

 

 

(1.9

)

Write-offs

 

 

—

 

 

 

—

 

Balance at end of period

 

$

(2.7

)

 

$

(2.6

)
Summary of Estimated Useful Life

Land

 

Indefinite

Machinery and equipment

 

2 - 15 years

Office equipment, software, and other

 

3 - 7 years

Buildings and leasehold improvements

 

2 - 40 years
Summary of Changes in Carrying Amount of Goodwill by Reportable Segment

The changes in the carrying amount of goodwill by reportable segment were as follows:

 

Stimulation
Services

 

 

Proppant
Production

 

 

Manufacturing

 

 

Other

 

 

Total

 

Balance, December 31, 2022

 

$

153.3

 

 

$

5.5

 

 

$

—

 

 

$

81.7

 

 

$

240.5

 

Acquisition of Producers

 

 

7.2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

7.2

 

Acquisition of Performance

 

 

—

 

 

 

75.7

 

 

 

—

 

 

 

—

 

 

 

75.7

 

Measurement period adjustments

 

 

9.2

 

 

 

(6.7

)

 

 

—

 

 

 

—

 

 

 

2.5

 

Balance, December 31, 2023

 

$

169.7

 

 

$

74.5

 

 

$

—

 

 

$

81.7

 

 

$

325.9